NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) by 10.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,633 shares of the financial services provider’s stock after buying an additional 996 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NexPoint Residential Trust were worth $491,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in NexPoint Residential Trust in the second quarter valued at $42,000. SeaCrest Wealth Management LLC acquired a new stake in shares of NexPoint Residential Trust during the second quarter worth $51,000. Quantbot Technologies LP acquired a new stake in shares of NexPoint Residential Trust during the second quarter worth $60,000. Acadian Asset Management LLC acquired a new stake in shares of NexPoint Residential Trust during the first quarter worth $117,000. Finally, Captrust Financial Advisors acquired a new stake in shares of NexPoint Residential Trust during the second quarter worth $131,000. 77.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NXRT shares. Credit Suisse Group cut shares of NexPoint Residential Trust from an “outperform” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Monday, January 9th. Truist Financial dropped their price objective on shares of NexPoint Residential Trust from $66.00 to $48.00 and set a “hold” rating on the stock in a report on Tuesday, November 29th. StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, January 13th. Finally, Jefferies Financial Group cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $78.00 to $45.00 in a report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.83.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $45.57 on Monday. The firm has a 50-day moving average price of $45.12 and a 200 day moving average price of $50.09. The firm has a market capitalization of $1.16 billion, a PE ratio of 45.57, a P/E/G ratio of 1.77 and a beta of 1.03. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 3.17. NexPoint Residential Trust, Inc. has a 52-week low of $38.67 and a 52-week high of $95.04.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Wednesday, December 14th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.38. NexPoint Residential Trust’s dividend payout ratio is currently 168.00%.

Insider Activity at NexPoint Residential Trust

In related news, General Counsel Dennis Charles Sauter, Jr. bought 2,223 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of $44.57 per share, for a total transaction of $99,079.11. Following the transaction, the general counsel now directly owns 5,795 shares of the company’s stock, valued at approximately $258,283.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.69% of the stock is currently owned by insiders.

About NexPoint Residential Trust

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NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.